Centennial says Banpu has FIRB backing

Thai takeover suitor Banpu has received unconditional support from the Australian Treasurer for its $2.4 billion offer for
Centennial Coal
.

Banpu's $2.4 billion off market bid for Centennial was launched in July, and has since been backed by the Centennial board and Banpu shareholders.

On Monday, Banpu’s ownership in the company was hovering around 38.34 per cent, according to a Centennial Coal spokesperson, which included the 19.89 per cent they owned before the takeover.

Thailand's Banpu on Monday extended by a week its offer period for shares in Centennial.

The cut-off date for the offer has been extended from September 27 to October 5.

In its notice to the Australian Securities Exchange, Banpu said the extension meant that Centennial shareholders who already had accepted the offer may withdraw their acceptance by giving notice to Banpu within one month.